Zacks Research Issues Negative Outlook for WPM Earnings

Key Points

• Zacks Research lowered Wheaton Precious Metals’ Q3 2026 EPS estimate to $1.00 from $1.05, while projecting $4.66 EPS for fiscal 2026 and $1.19 for Q1 2027.
• Despite mixed target-price revisions, analyst sentiment remains favorable: 11 analysts rate WPM a Buy and one rates it a Hold, producing a “Moderate Buy” consensus and a $166 average price target.
• Wheaton reported strong recent results, with quarterly EPS of $1.19 beating estimates and revenue rising 84.7% year over year; it also maintains a $0.195 quarterly dividend, equal to a 0.5% yield.

Wheaton Precious Metals Corp. (NYSE:WPM - Free Report) - Research analysts at Zacks Research decreased their Q3 2026 earnings per share estimates for Wheaton Precious Metals in a note issued to investors on Thursday, September 24th. Zacks Research analyst Team now expects that the company will earn $1.00 per share for the quarter, down from their previous estimate of $1.05. The consensus estimate for Wheaton Precious Metals' current full-year earnings is $4.80 per share. Zacks Research also issued estimates for Wheaton Precious Metals' FY2026 earnings at $4.66 EPS and Q1 2027 earnings at $1.19 EPS.

Several other brokerages have also recently issued reports on WPM. Bank of America reduced their price objective on Wheaton Precious Metals from $163.00 to $145.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Royal Bank Of Canada upped their target price on Wheaton Precious Metals from $160.00 to $165.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Weiss Ratings cut shares of Wheaton Precious Metals from a "buy (b)" rating to a "buy (b-)" rating in a research note on Thursday, July 16th. Scotiabank dropped their target price on shares of Wheaton Precious Metals from $180.00 to $175.00 and set a "sector outperform" rating on the stock in a research report on Tuesday, July 14th. Finally, Berenberg Bank set a $157.00 target price on Wheaton Precious Metals in a research note on Tuesday, July 28th. Eleven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Wheaton Precious Metals presently has an average rating of "Moderate Buy" and a consensus target price of $166.00.

Wheaton Precious Metals Stock Performance

Wheaton Precious Metals stock opened at $143.95 on Friday. Wheaton Precious Metals has a one year low of $92.57 and a one year high of $165.76. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $65.38 billion, a PE ratio of 31.92, a price-to-earnings-growth ratio of 2.72 and a beta of 0.60. The stock's 50 day moving average price is $137.41 and its 200 day moving average price is $131.22.

Wheaton Precious Metals (NYSE:WPM - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.04. Wheaton Precious Metals had a net margin of 64.66% and a return on equity of 21.97%. The company had revenue of $878.00 million for the quarter, compared to the consensus estimate of $879.29 million. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 84.7% compared to the same quarter last year.

Wheaton Precious Metals Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Thursday, August 20th were given a $0.1950 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Thursday, August 20th. Wheaton Precious Metals's dividend payout ratio (DPR) is presently 17.29%.

Institutional Investors Weigh In On Wheaton Precious Metals

Several hedge funds have recently bought and sold shares of the company. Stack Financial Management Inc purchased a new position in Wheaton Precious Metals in the second quarter valued at approximately $30,118,000. Pecaut & CO. bought a new stake in shares of Wheaton Precious Metals during the second quarter valued at about $1,297,000. Euro Pacific Asset Management LLC increased its holdings in Wheaton Precious Metals by 3.0% during the 1st quarter. Euro Pacific Asset Management LLC now owns 294,402 shares of the company's stock worth $37,895,000 after acquiring an additional 8,455 shares during the period. McAlvany Wealth Management LLC purchased a new stake in shares of Wheaton Precious Metals in the fourth quarter worth $4,151,000. Finally, Bank of Nova Scotia increased its stake in Wheaton Precious Metals by 19.3% in the 1st quarter. Bank of Nova Scotia now owns 1,135,457 shares of the company's stock worth $149,006,000 after acquiring an additional 183,580 shares during the last quarter. 70.34% of the stock is currently owned by institutional investors and hedge funds.

About Wheaton Precious Metals

Wheaton Precious Metals Corp. NYSE: WPM is a precious metals streaming company headquartered in Vancouver, British Columbia. Rather than operating mines directly, the company provides upfront financing to mining companies in exchange for the right to purchase a portion of the future production from specific mining projects at predetermined prices.

Wheaton's streaming portfolio is primarily focused on gold and silver, with additional exposure to palladium and cobalt through certain agreements.

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